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. >> we can't afford another series of budget deficits of roughly $1 trillion a year. recognize, this is not just bad for the economy. it's bad for jobs. >> reporter: brandi hitt, abc news, danville, kentucky. >>> abc news is proud to play a special role in tonight's debate. abc's chief foreign affairs correspondent, martha raddatz, will serve as moderator. she checked out the stage in danville yesterday. we wish her good luck. >>> the main event tonight, beginning at 9:00 p.m. eastern. join diane sawyer and george stephanopoulos, and our team for live coverage and analysis. >>> the romney campaign has agreed to stop mentioning the name of a navy s.e.a.l. killed in the consulate attack after his mother complained. romney had been telling voters of sharing a christmas dinner with the former s.e.a.l., glen dougherty, two or three years ago. but his mother called on romney to stop making his death, her words, part of his political agenda. >>> last month, the embassy attack in libya that killed four americans, including ambassador chris stevens. department officials say th
. >> we can't afford another series of budget deficits of roughly $1 trillion a year. recognize, this is not just bad for the economy. it's bad for jobs. >> reporter: brandi hitt, abc news, danville, kentucky. >>> abc news is proud to play a special role in tonight's debate. abc's chief foreign affairs correspondent, martha raddatz, will serve as moderator. she checked out the stage in danville yesterday. we wish her good luck. >>> the main event tonight, beginning...
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Oct 13, 2012
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the long island debate there will be a economic speech and talking about how to reduce the debt and deficit. his final speech will include his own criticism with the president. >> so much going on. on the road with the mitt romney campaign. critics say it is not enough to give hope that the country is rebounding. and the end of the year fast approaching there is a looming chris that could force our nation off of a fiscal cliff. combination of automatic spending cuts and experdition of tax cuts will force millions of americans to lose their jobs. neil cavuto is here to tell us why even though we a presidential election ahead. the fiscal cliff is bigger. >> it is certainly more immediate. this is an event that is coming. the question is are they going to do anything about it or not? both parties are waiting to see what will happen if their guy wins f. it the president wins and keeps the senate they will cobble together a deal to call for letting the income rate on the rich expire and so only their taxes go up . keep those other spending cuts in place. it is anyone's guess what president-elect
the long island debate there will be a economic speech and talking about how to reduce the debt and deficit. his final speech will include his own criticism with the president. >> so much going on. on the road with the mitt romney campaign. critics say it is not enough to give hope that the country is rebounding. and the end of the year fast approaching there is a looming chris that could force our nation off of a fiscal cliff. combination of automatic spending cuts and experdition of tax...
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. >> we cannot afford another series of budget deficit of roughly $1 trillion a year. we cannot recognize that this is not just bad for the economy, it is bad for jobs. >> the pressure is really on tonight. as both candidates are counting on their running mates with less than four we still election day. reporting live in danville kentucky back to you. >> thank you. all eyes on kentucky tonight. we want to hear from you. just log onto -- wjla.com/react and you will be able to give us your instant reaction in real time. we will share results tonight at 11:00 p.m. >> 6:34 right now. jummy olabanji has been following a fire in baltimore. >> cynnÉ and steve, a very sad update for you. our abc affiliate in baltimore has talked to family members of the five people who died in the fire. they see the victims are 55- year-old grandmother, nancy and four grandchildren. we have a picture we can show you of what the scene looked like early this morning. you can see the massive amounts of smoke and flames shooting from this row home on denwood ave. the call came in after 2:00 a.m.
. >> we cannot afford another series of budget deficit of roughly $1 trillion a year. we cannot recognize that this is not just bad for the economy, it is bad for jobs. >> the pressure is really on tonight. as both candidates are counting on their running mates with less than four we still election day. reporting live in danville kentucky back to you. >> thank you. all eyes on kentucky tonight. we want to hear from you. just log onto -- wjla.com/react and you will be able to...
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but also revenue for folks who are doing very well to help reduce the deficit. because if you don't have one penny more from very wealthy people it means you sock it to everybody else. seniors on medicare pay more. less investment in our kids' education. and that's exactly the romney/ryan budget does. itzhaks it to the middle class and seniors, in order to give these tax breaks to very wealthy people. >> what do you think of the job martha raddatz did? >> i think she did a very good job. never made herself the center of the debate. >> she started off very strong with benghazi. want to play a little bit about what the vice president said about security in benghazi. >> well, we weren't told we want more security. we did not know they wanted more security. >> explain that to me. a lot of the testimony was, in fact, the, the, the government did know. that, that, that the state department was well aware that there were requests for security. doesn't that completely contradict exactly what we just saw in i think it was wednesday's testimony? >> what the vice president
but also revenue for folks who are doing very well to help reduce the deficit. because if you don't have one penny more from very wealthy people it means you sock it to everybody else. seniors on medicare pay more. less investment in our kids' education. and that's exactly the romney/ryan budget does. itzhaks it to the middle class and seniors, in order to give these tax breaks to very wealthy people. >> what do you think of the job martha raddatz did? >> i think she did a very good...
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i'm going to cut the deficit in half. you remember that? guess what? the deficit we just found out is another trillion dollars this year. we've a 50% increase in our debt. do you think it's working? when he pushed through that stimulus package in the united states congress, he said, if you only put a trillion dollars of hard earned taxpayer money into the government, we'll create so many jobs that we'll have the unemployment rate 50% lower today than it actually is. you think it's working? >> no! >> he said pass my health care bill. he jammed it through congress without a single republican vote. he said we need to do this 'cause we can reduce the cost of premiums by $2,500. guess what? we found just found out from the people who look at this, congressional budget office, it's $2,500 increase in our premiums thanks to obamacare. do you think it's working? >> no. >> no, it's not working. but the good news is for ohio and for our country, we have a leader who has the experience. he's got the record. he has the character and he has the policies to turn thi
i'm going to cut the deficit in half. you remember that? guess what? the deficit we just found out is another trillion dollars this year. we've a 50% increase in our debt. do you think it's working? when he pushed through that stimulus package in the united states congress, he said, if you only put a trillion dollars of hard earned taxpayer money into the government, we'll create so many jobs that we'll have the unemployment rate 50% lower today than it actually is. you think it's working?...
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more importantly, he was the lead negotiator for the president during the deficit conversations. and so congressman ryan will not be able to say i'm the budget guy. biden will be able to say i was once sitting across the table from speaker john boehner, having those discussions. >> maybe that bodes well for some kind of hechft and substan. >> absolutely. >> and foreign policy, right? >> yes. biden will relish saving the president's butt. >> they are a little nervous. >> you think? >> joe biden -- little nervousness there. >> shirtless joe biden on the podium. >> my eyes are burned, i believe. >> if heas a good night he will walk off and tell the president, yeah, you owe me for that one. >> sparkling. >> of course. >> you should drink every time they mention scranton. you will be drinking. >> what about middle class? i think you would not even make it through the debate if you drink every time they say middle class. >> you want to be sober, they won't say poor. you will not hear poverty. >> how about every time they mention their parents? >> you're drinking. no question. >> middle
more importantly, he was the lead negotiator for the president during the deficit conversations. and so congressman ryan will not be able to say i'm the budget guy. biden will be able to say i was once sitting across the table from speaker john boehner, having those discussions. >> maybe that bodes well for some kind of hechft and substan. >> absolutely. >> and foreign policy, right? >> yes. biden will relish saving the president's butt. >> they are a little...
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this isn't a political fight over how big the deficit is or anything like that. we're talking about american blood and guts right here. bill: peter king, thank you for your time. >> thank you, bill. bill: we'll await those answers whenever they come. alisyn. alisyn: new fox poll shows a big swing by independent voters. so who now are they leaning towards? the showdown vice president biden going head-to-head with paul ryan. will this change the race yet again? supporters of both campaigns are here to debate it. [ male announcer ] this is the land of giants. ♪ home of the brave. ♪ it's where fear goes unwelcomed... ♪ and certain men... find a way to rise above. this is the land of giants. ♪ guts. glory. ram. bill: we are now getting an up-close look at u.s. efforts to protect one of the word's busiest oil routes. this is rare footage of the uss eisenhower patrolling the strait of hormuz. iran threatened to close the strait as tensions rise over its nuclear program. the straight flows from iran to oman. it is entrance of to the persian gulf. a fifth of the w
this isn't a political fight over how big the deficit is or anything like that. we're talking about american blood and guts right here. bill: peter king, thank you for your time. >> thank you, bill. bill: we'll await those answers whenever they come. alisyn. alisyn: new fox poll shows a big swing by independent voters. so who now are they leaning towards? the showdown vice president biden going head-to-head with paul ryan. will this change the race yet again? supporters of both campaigns...
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we believe millionaires should pay their fair share in order to reduce the deficit. jon: but isn't it true that the president's, isn't it true that the president's tax plans calls for increasing taxes on those, couples making over $250,000? >> he was providing an example of who he asked to pay their fair share in order to reduce the deficit. if you make $250,000, or less, your taxes won't go up. that is contrast with governor romney and congressman ryan who charged the average middle class family with kids $2,000 in order to pay for their tax cut for the wealthiest americans. jon: i want to play a quick clip from my colleague chris wallace and get your reaction. >> i think i have watched almost every presidential and vice-presidential debate since the first four kennedy-nixon debates in 1960, thinking back over the last few minutes i don't believe i have ever seen a debate in which one participant was openly disrespectful of the other as biden was to paul ryan tonight. that's what it was. you can talk about the smirks, smiles, head shaking, the mugging, it was openly
we believe millionaires should pay their fair share in order to reduce the deficit. jon: but isn't it true that the president's, isn't it true that the president's tax plans calls for increasing taxes on those, couples making over $250,000? >> he was providing an example of who he asked to pay their fair share in order to reduce the deficit. if you make $250,000, or less, your taxes won't go up. that is contrast with governor romney and congressman ryan who charged the average middle...
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Oct 14, 2012
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washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. nonether than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is john browne he believes they do not deserve the award. we also have the opposing view. richard, i will read the review of the european union for over six decades continue to the event apiece and reconciliation and human-rights in europe. why do you think they chose the e.u.? >> first, you and i are young but if you look back 70 years they only had the balkans war. europe has been saved and pay it -- peaceful. is a little aspiration all. that the european union do more. >> should you have the economies that were also? >> piece was insured by nato and the deterrent combined with the united kingdom i
washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. nonether than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is...
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successful small businesses doubled their income taxes last year we would still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul ryan was very clear. you cut tax rates, that gives you growth. listen to this exchange. >> cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mattally possible. >> it is mathematically possible. it has been done before. >> it has never been done before. >> it has been done couple times actually. lower tax rates increase growth. lower tax rates. >> now you're jack kennedy. >> well that was interrupt
successful small businesses doubled their income taxes last year we would still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he...
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the treasury department says the deficit did fall by $207 billion. analyst says the government borrowed about 31 cents of every dollar it spent. >>> and giant fever. the giants dug out shop at at&t park and san francisco was a very big -- dizzy play -- busy place. >> i was told not to buy anymore t-shirts before the world series but i snuck over to the store. i think he'll forgive me when he sees what they are. >> restaurants near the stadium say they're gearing up for a wave of post season baseball fans and hoping to cash in just like to did two years egg. >>> right now the giants still learning where they play their game. if the national wins game one is in washington. the cardinals win, it's at at&tar park. either way you'll be able to watch that game on ktvu channel 2 right after the niner game. >>> shock. >>> students mourn the death of a popular teacher. the strange take into consideration have some people wonder what happened. >>> our high school football game of the week is just about to kick off near the free month fire birds trying to upset
the treasury department says the deficit did fall by $207 billion. analyst says the government borrowed about 31 cents of every dollar it spent. >>> and giant fever. the giants dug out shop at at&t park and san francisco was a very big -- dizzy play -- busy place. >> i was told not to buy anymore t-shirts before the world series but i snuck over to the store. i think he'll forgive me when he sees what they are. >> restaurants near the stadium say they're gearing up for...
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and i promise to cut the deficit in half in four years. we have four budget it is and four trillion dollar deficits. a debt crisis is coming and we can't keep spend borrowing like and spending money we don't have. leaders run to problems to fix problems. >> steve: i got this tweet. why was bush crusify biden didn't get information on the intelligence community and that is okay. >> steve: ultimately some polls went out and they did snap pollings. cnn paul ryan . cnbc. winner paul ryan by 20 points. >> brian: cbsdid joe biden. >> steve: they did a focus group for 50 people. >> gretchen: we have frank coming up. and we'll show you that. now the rest of the head lineups for friday. one month after ambassador stevens was ciled. lawrence pope is the new charge of affairs. he will represent. pope retired 12 years ago and an ambassador to chad and political advisor for the special command and special operations in the middle east. governor mitt romney getting a spiritual boost from billy graham. >> reverend graham added he would do everything to h
and i promise to cut the deficit in half in four years. we have four budget it is and four trillion dollar deficits. a debt crisis is coming and we can't keep spend borrowing like and spending money we don't have. leaders run to problems to fix problems. >> steve: i got this tweet. why was bush crusify biden didn't get information on the intelligence community and that is okay. >> steve: ultimately some polls went out and they did snap pollings. cnn paul ryan . cnbc. winner paul...
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., while her two youngest sons have adhd, attention deficit hyper activity disorder. although hers is a relatively unique situation, she is not alone. according to the cdc, more than 5 million children between the ages of 3 and 17 have been diagnosed with adhd. >> i'm all for labeling. >> amy's story was recently featured in the october issue of "parenting" magazine. >> once you have a diagnosis and know what you're working with, then i feel like it's much more helpful than trying to muddle through. >> windsor often turns to a website to seek comfort and support while offering the same to others. >> i do write about it on my blog because it is tremendously therapeutic. it's really helpful when you know that other people have the same challenges. >> and social media was especially important last month when she learned about her youngest son's diagnosis. >> just went through my third son getting diagnosed. and shared it on twitter and said, oh, there you have it. we're three for three. >> for amy, open communication between her family and school has also helped make a d
., while her two youngest sons have adhd, attention deficit hyper activity disorder. although hers is a relatively unique situation, she is not alone. according to the cdc, more than 5 million children between the ages of 3 and 17 have been diagnosed with adhd. >> i'm all for labeling. >> amy's story was recently featured in the october issue of "parenting" magazine. >> once you have a diagnosis and know what you're working with, then i feel like it's much more...
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bring forces home, we're nervous about talking about foreign assistance at a time of big federal budget deficits. what governor romney has done i think is make it easier to debate on both sides in terms of what are the next steps we need to take as americans to stay engaged and contribute so that this region doesn't become more turbulent and more dangerous. so it become as little bit more acceptable -- politically acceptable perhaps offering the libyans more assistance for their security forces or the president morsi in egypt is willing to stay in positive fashion for us and israel to offer more assistance that. is stone and style of debate i would welcome because i feel that politicians otherwise tend to fear we have to talk about retrenchment and withdrawal given problems we're having back here in the united states. that is not necessarily good for our foreign policy. romney pushed it in the better direction. jon: with our murder of our first ambassador in 30 years, more than 30 years. turbulent and dangerous is appropriate question. jenna: whether or not the tide of is receding. from that sta
bring forces home, we're nervous about talking about foreign assistance at a time of big federal budget deficits. what governor romney has done i think is make it easier to debate on both sides in terms of what are the next steps we need to take as americans to stay engaged and contribute so that this region doesn't become more turbulent and more dangerous. so it become as little bit more acceptable -- politically acceptable perhaps offering the libyans more assistance for their security forces...
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enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of
enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the...
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is surplus into a huge deficit. in n. paying deficit down you should score the fact we are coming out of iraq and afghanistan. the other thing that the president has proposed and that he he understands is we cannot cut our way to prosperity. we need a balanced approach and growing our economy by doing things leak the senator opposed like restructuring the auto industry in order to put people back to work and make manufacturing jobs grow is one of the actions we need to take in order to do that. the fact of the matter is the president because he has the responsibility of office has been specific about what he proposes and mitt romney tells us to trust him. his plan is hiding behind door number three with carroll merrill and his undisclosed tax returns. >> chris: i'm glad you practiced the line. >> the lines are great. his budget tax increase on job creators. budget gimmicks brings us to $25 trillion in debt over ten years. this president has added more are debt than any other president -- >> not true. >> he said he w
is surplus into a huge deficit. in n. paying deficit down you should score the fact we are coming out of iraq and afghanistan. the other thing that the president has proposed and that he he understands is we cannot cut our way to prosperity. we need a balanced approach and growing our economy by doing things leak the senator opposed like restructuring the auto industry in order to put people back to work and make manufacturing jobs grow is one of the actions we need to take in order to do that....
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he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, but there is no question the obama campaign folks, every time biden is out there, they are nervous about w
he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been...
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you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for them? >> they are backing away from the edge. there is no question that this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. a lot of folks in his party would have backed away from him. this puts him back in the game, it restores confidence among other people running for the house and senate this year who are now happy to be seen with him. it gives them a real boost when they desperately need it. he still has problems and a lot of swing states. this puts them
you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for...
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Oct 14, 2012
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obama's four deficits are the four largest in us history. he's adding almost as much debt as all 43 previous presidents -- combined. and over 30 cents of every dollar obama spends is borrowed. much of it from countries like china. he's not just wasting money he's borrowing it and then wasting it. we can't afford four more years. [ romney ] i'm mitt romney and i approve this messe. when we switched to fios, we got better tv, better phone better internet. [ male announcer ] it's time to get more for our money. upgrade to verizon fi internet, tv anand phone with our best price online: just $84.99 a month, guaranteed for one year with no annual contract. internet is absolutely imperative for school nowadays. look up this, write an essay on that. my life is greatly improved because of fios. [ male announcer ] don't wait! switch to fios for a super-low $84.99 a month for a year with no annual contract. visit verizon.com/superoffer. contact the verizon center for customers with disabilities welcome to life on fios. at 800-974-6006 tty/v. this year,
obama's four deficits are the four largest in us history. he's adding almost as much debt as all 43 previous presidents -- combined. and over 30 cents of every dollar obama spends is borrowed. much of it from countries like china. he's not just wasting money he's borrowing it and then wasting it. we can't afford four more years. [ romney ] i'm mitt romney and i approve this messe. when we switched to fios, we got better tv, better phone better internet. [ male announcer ] it's time to get more...
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trade deficit continues to grow. it was up 4.1% in august to 44.2 billion. both impours thes and exports declined with experts dropping off more than the imports. >>> 8:39. ever found something, returned it and then demanded $200,000? that's happening now in san francisco. the strange story of a sailor and an america's cup boat. >>> stocks are up after another set of better-than-expected job numbers out this morning. the labor says application for unemployment aid fell by 0,000, that's the lowest level since february of 2008. this comes three days after decline. the dow is up 27. the nasdaq is up 8. s&p is up 5. >>> workday makes their public debut tomorrow. and it marks the return of dave dufffield, the ceo. he started people-soft but in 2005 he was forced to sell in oracle in an unusually hostile takeover. like people-soft, workday officers software but workday cloud based. >>> ross mirkarimi may be back as folks's -- san francisco's sheriff but it seems some people are still gunning for his job. pam cook has more. >> the fight for ross mirkarimi's job is
trade deficit continues to grow. it was up 4.1% in august to 44.2 billion. both impours thes and exports declined with experts dropping off more than the imports. >>> 8:39. ever found something, returned it and then demanded $200,000? that's happening now in san francisco. the strange story of a sailor and an america's cup boat. >>> stocks are up after another set of better-than-expected job numbers out this morning. the labor says application for unemployment aid fell by...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal fo to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every yemillions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection, period. ordinary credit monitoring services may take 30 days to alert you. lifelock's 24/7 proact
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal fo to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires...
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Oct 12, 2012
10/12
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turning to the deficit the numbers are in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public notice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize it? >> i think it is pretty bad. 42 out of the 4 months the president has been in office he has run a deficit. i think when we're $16 trillion in debt it has an effect on the economy. even most economists say when the debt is greater than 90% of the gdp you start to see a slowing. right now our debt is over 100% of our gdp. melissa: break down why you see the slowing. i think when we talk about these numbers to the average person it sounds like monopoly money. it is such a huge number you could never break it back. if you break it down, 3500 per person. 3468 to be exact. during the time president oba
turning to the deficit the numbers are in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public notice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize...
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Oct 10, 2012
10/12
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CURRENT
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any path forward on tax reform that promises to cut rates will either end up failing to reduce the deficit, or failing to protect the middle class from a net tax increase. >> eliot: senator schumer suggested allowing the rates to return to the prebush rate. of course republicans were quick to pounce on shumers new approach be old attacks. mitch mcconnell said, and i quote . . . for more on the mayhem in washington, i'm joined by one of your favorites bernie sanders,ent senator of vermont. thank you so much for joining us tonight. >> my pleasure. >> eliot: is chuck schumer right that we could challenge the premise that rates at the top should come down. >> of course schumer is right. what the republicans want to do and some democrats is lower the tax rates for the wealthiest people in this country at a time right now, when the effect of what the wealthiest people actually pay is the lowest in decades. and even if you manage to close some loopholes you will become neutral -- you are not going to bring in any more revenue to help us deal with the deficit. shumer is right in saying we have to
any path forward on tax reform that promises to cut rates will either end up failing to reduce the deficit, or failing to protect the middle class from a net tax increase. >> eliot: senator schumer suggested allowing the rates to return to the prebush rate. of course republicans were quick to pounce on shumers new approach be old attacks. mitch mcconnell said, and i quote . . . for more on the mayhem in washington, i'm joined by one of your favorites bernie sanders,ent senator of vermont....